Exam (elaborations)
Property & Casualty License #2 – Qs & As
- Course
- FLORIDA 2-20
- Institution
- FLORIDA 2-20
Property & Casualty License #2 – Qs & As
[Show more]
Content preview
Property & Casualty License #2 – Qs & AsShipbuilders and repairers are covered by the. . . ✔️Ans - US Longshore
and Harbor Workers Compensation Act
A participating insurance policy may do which of the following?
A. Provide Group Coverage
B. Pay dividends to the stockholder
C. Require 80% participation
D. Pay dividends to the policy owner. ✔️Ans - D. Pay dividends to the
policy owner.
The property condition that precludes the insured from simply turning over
damaged property to the insurer and claiming a total loss is called. . . ✔️Ans
- Abandonment
In a personal auto policy, the medical payments coverage is similar to:
A. Accident Insurance because it has the same limits
B. Bodily injury coverage because it pays the insured's doctor bills
C. Bodily injury coverage because it provides legal protection if the insured
causes injuries to others
D. Accident insurance because it pays medical expenses regardless of fault
✔️Ans - D. Accident insurance because it pays medical expenses regardless of
fault
Which inland marine coverage condition says that an insurer will settle with
the actual owners of property involved in a loss?
A. Legal action against the insurer
B. Privilege to adjust with the owner
C. Transfer of rights of recovery
D. Reinstatement of limit ✔️Ans - B. Privilege to adjust with the owner
A premium discount is the term that describes when an insured owes a total
standard premium greater than. . . ✔️Ans - $5,000
Which of the following would be considered an insured under a business auto
coverage form?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$13.06. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now